UK-based chip designer Arm Holdings plc (ARM) has been riding the artificial intelligence (AI) boom to impressive heights, with its shares surging 25% on its first trading day alone. The company’s innovative chip designs have quickly become essential for tech giants like Advanced Micro Devices (AMD), Apple (AAPL), Nvidia (NVDA), and Qualcomm (QCOM). Arm’s ambitious projections of reaching 100 billion AI-ready devices by next year and its swift inclusion in the Nasdaq-100 Index ($IUXX) underscore both its huge impact on and expanding reach within the tech industry. However, ARM stock has pulled…